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Property profile & analytics
OFF-MARKET
Estimated value
$2,510,000
Retail space
2475 Dr Ml King Jr Pkwy, Chico, CA 95928-6798
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3062148
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
TILT-UP CONCRETE
Total area
21,294 SF
Lot
2.9 ac (126,324 SF)
APN
005-490-056-000
UPID
US09-3062148
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$2.51M
Owner & transaction history
Whitman Investments LLC · 20 yrs held
Whitman Investments LLC
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.8M
+32.5%
Industrial (general)
$3.3M
+14.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chico submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chico submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,865,000
Current use
OFFICE BUILDING
$3,795,000
Change: +32% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,270,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$2.51M
Range $2.26M – $2.76M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$118 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$47,317
Tax year 2024
Assessed value
$4,273,921
Assessed 2024
Previous assessed
$4,273,921
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,473,762
Assessed improvement
$2,800,159
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Total area
21,294 SF
Lot
2.9 ac (126,324 SF)
APN
005-490-056-000
UPID
US09-3062148
Jurisdiction
BUTTE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.9M
OFFICE BUILDING
Est. value
$3.8M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Lot
2.9 ac
Current owner
From public records · entity-resolved
Whitman Investments LLC
Entity
Mailing address
6210 MEDAU PL, OAKLAND, CA 94611-2811
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2022
—
Whitman Investments LLC
—
Deed
related
$1,850,000 · Farmers & Merchants Bank Of Central Ca
Apr 6, 2006
$6,090,000
Whitman Investments LLC
R Cook Ents INC
Grant Deed
—
Apr 6, 2006
—
Whitman Investments LLC
R Cook Ents INC
Grant Deed
related
—
Apr 6, 2006
$15,000
R Cook Ents INC
Whitman Pacific LLC
Grant Deed
related
—
Dec 27, 2004
$3,800,000
R Cook Ents INC
Whitman Pacific LLC
Grant Deed
$2,565,915 · Umpqua Bank
Dec 27, 2004
$1,539,000
Whitman Pacific LLC
Coletti,richard T & Leisa E
Grant Deed
—
Feb 26, 2003
$300,000
Richard T Coletti
Khan,tr
Grant Deed
$150,000 · Tri Counties Bank
Jun 1, 2000
—
Khan Trust
Khan,ashiq
Quit Claim Deed
related
—
May 23, 2000
$46,500
Khan,mohammed A
Mohammed A Khan Trustee
Trustees Deed
related
—
—
—
Whitman Investments LLC
—
Deed Of Trust
related
$2,300,000 · Umpqua Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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